COVID-19 government support for Network Marketers

We live in unprecedented times. Whilst we’re still getting to grips with the effects that the Coronavirus pandemic is having on us as individuals and our businesses, we have had many of our UK Network Marketing clients worried about the effect COVID-19 will have on...

Network Marketing and VAT Registration

The current compulsory VAT threshold in the UK is £85,000 – in other words, if your annual turnover exceeds that level you are obliged to register for VAT and complete quarterly VAT returns. In the case of Network Marketers, turnover is the aggregate of product sales...

Cash flow solutions for small businesses

Most small businesses will suffer from cash flow issues at one point or another. Effective cash flow management is one of the most important factors in running a successful business. After all, even if your sales are growing, if you have more expenses than income, you...

How much money should I put aside for tax?

A question we commonly encounter when advising our Network Marketing clients on their tax affairs is how much money they should put aside to pay for their taxes. Initially, when you first set up your business you may not make a profit and therefore you do not need to...